According to IBD, the market remains in a correction. Time for me to be mainly in cash or short.
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7th day of QQQ short term down-trend
I remain skeptical about this rally. It may offer an opportunity to short. Nevertheless, five stocks with strong fundamentals hit a new high on Monday: NGLS, ASPS, PZZA, PNRA and HITK.
5th day of QQQ short term down-trend; looking oversold
The stochastics for the QQQ is very oversold, at 7.6% and the T2108 is getting close to oversold, at 25%. I think this is not the time to begin to short.